Mr. Speaker, the hon. member pointed out the fact that the absolute liability for an offshore spill had increased from $30 million to $1 billion. That is a significant increase of $970 million, and that is a good thing. However, in the United States, for example, the cap on the absolute liability for a spill is at $12.6 billion U.S. Ours is going to be set at $1 billion Canadian and in the United States it is $12.6 billion U.S.
In 2010, the total cost for the British Petroleum spill in the Gulf of Mexico with the Deepwater Horizon is $42 billion U.S. and rising. That includes the total cleanup, the criminal penalties and civil claims.
The increase from $30 million to $1 billion is a significant increase, but is it enough?